HTN Inc.

November 20, 2008 18:27 ET

HTN Inc. Completes Acquisition

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2008) -


HTN Inc. ("HTN") (TSX VENTURE:HET) is pleased to announce that it has acquired from MedcomSoft Inc. ("MedcomSoft"), the client list of all of its Canadian customers using the software product "Medworks 4.0", as well as the rights to all of the intellectual property associated with Medworks 4.0.

Under the agreement, HTN will assume the maintenance and support responsibilities for the existing Medworks 4.0 customers in exchange for the ongoing licensing fees from the active clients using the software. The deal was an all cash transaction for approximately $85,000 for which HTN arranged loan financing from a private source, secured by the purchased assets.

According to Gary Babcock, HTN's President & CEO, "The acquisition of this client list continues to expand our user base in Ontario, increasing our annual cash flow while facilitating our long term growth. HTN's Technical Support infrastructure already has the expertise and capability to easily handle the increased call level from the Medworks 4.0 customers and HTN's new EMR software, HERO™ CMS, will provide them with a viable migration path for the foreseeable future. Our agreement with MedcomSoft provides for a smooth and seamless transition for the Medworks 4.0 customers, who will be contacted in in due course, with the necessary details."

About HTN Inc.

HTN Inc. (, an acronym for Health Transaction Network, is a medical/healthcare information technology company and software support organization, which pioneered the use of on-line healthcare transaction networks in the province of Ontario, Canada, where the company's head offices have been located since the company's inception in 1994. With its flagship HERO™ (Healthcare Electronic Resources On-line) and HERO™ CMS products, HTN Inc. provides the latest in cost effective, computerized automation to medical offices, clinics, hospitals and other medical facilities - providing users with improved workflow, faster information retrieval and overall operating efficiencies while seamlessly enabling them to electronically exchange/share clinical and transactional information with other healthcare facilities, providers, payers, insurers, patients, and suppliers.

READER ADVISORY: FORWARD-LOOKING STATEMENTS Certain information set forth in this document, including management's assessment of HTN's future plans and operations, contain forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. HTN's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that HTN will derive therefrom. HTN disclaims any intention or obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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